Capital Raise: Customcells Series A Funding (60 Mio.€)

PAS Financial Advisory AG advised CUSTOMCELLS® on its successful Series A funding of 60 million Euro. 

Our cross-disciplinary team of Transaction Services (Matthias Seitz, Samuel Baur, Marvin Zimber) and Financial Reporting (Markus Groß, Niklas Koch, Mario Braun) advised CUSTOMCELLS® during the due diligence process, preparation of business planning, consolidated financials and the conversion of the accounting to IFRS.  

CUSTOMCELLS® is already considered one of the most promising German companies for the development of special lithium-ion battery cells. Geographically, the production and operating facilities are currently located in northern and southern Germany, with the sites in Itzehoe and Tübingen.

With the Series A financing, Customcells is aiming for a leading role in the global premium battery market. In addition to lithium-ion battery manufacturing for the automotive industry, a major focus is on the development and manufacture of batteries for the electric Vertical Take-Off and Landing Aircraft (eVTOL) market.

CEO Dr. Dirk Abendroth announces with this closing of 2022 an ambitious growth strategy for the next years to become a global player. 

In addition to existing investors, the Climate Tech Venture Capital Investor World Fund and the family office ABACON CAPITAL located in Hamburg were major investors.

More about our consulting services regarding the CFO agenda.

PAS offers full-service advisory from one hand (accounting, IT and transaction advisory).

The Transaction Services portfolio includes M&A support for capital raises, IPOs and buy and sell decisions as well as individual solutions in the area of financial modeling (e.g., integrated financial planning/dashboards), tailored to the needs of management.  In addition, PAS supports you in your national and international transactions in the form of due diligences and valuation services.

In the area of financial reporting, the focus is on the conversion of accounting to international standards (IFRS/US GAAP) as well as all other financial and non-financial reporting requirements as part of the IPO Readiness Services.

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